African Barrick Gold’s Outperform Rating Reaffirmed at RBC Capital (ABG)
African Barrick Gold (LON:ABG)‘s stock had its “outperform” rating restated by equities researchers at RBC Capital in a research report issued on Tuesday, ARN reports. They currently have a GBX 250 ($4.10) target price on the stock. RBC Capital’s price target would indicate a potential upside of 24.63% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities downgraded shares of African Barrick Gold to a “sell” rating in a research note to investors on Monday. They now have a GBX 160 ($2.63) price target on the stock, down previously from GBX 170 ($2.79). Separately, analysts at Investec reiterated a “sell” rating on shares of African Barrick Gold in a research note to investors on Thursday, January 16th. They now have a GBX 137 ($2.25) price target on the stock. Finally, analysts at Canaccord Genuity downgraded shares of African Barrick Gold to a “hold” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 180 ($2.95) price target on the stock, down previously from GBX 195 ($3.20). Nine equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 179.66 ($2.95).
African Barrick Gold (LON:ABG) opened at 214.38 on Tuesday. African Barrick Gold has a 52-week low of GBX 93.50 and a 52-week high of GBX 369.00. The stock has a 50-day moving average of GBX 176.3 and a 200-day moving average of GBX 160.1. The company’s market cap is £879.1 million.
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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